AUDUSD rips on a wider AUD pickup but could extend the previous bearish impulse.
AUDUSD is up +0.75% for the day, just below 0.7237. The pair is up from the recent lows on the bounce of the AUD basket.
The RSI is in overbought territory on H1 in a monthly bearish move, as the market is finding resistance around the daily +0.75% Pivot at 0.7237.
We opened a short position in view of a retracement of the previous swing, just above 0.72.
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